Montana § 72-14-207 Unsold Tangible Personal Property -- How Disposed Of -- Auction Sale

Montana Statutes

§ 72-14-207 — Unsold Tangible Personal Property -- How Disposed Of -- Auction Sale

Montana § 72-14-207

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 14ESCHEATED ESTATES

Part 2Procedure for State Acquisition of Escheatable Property

This text of Montana § 72-14-207 (Unsold Tangible Personal Property -- How Disposed Of -- Auction Sale) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-14-207 (2026).

Text

72-14-207 . Unsold tangible personal property -- how disposed of -- auction sale.

(1)If the tangible personal property in an escheated estate was not sold by the personal representative at the final settlement of the estate, the personal representative shall deliver the property to the county treasurer. The county treasurer shall, within 1 year of the receipt of the property, sell it to the highest bidder at a public auction sale at the county seat of the county of administration of the estate.

(2)The county treasurer shall give notice of the sale by publication once a week for 2 successive weeks in a newspaper published in the county of administration. The last publication must be at least 20 days prior to the date of the sale. The notice must give the time and place of the sale and mus

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72-14-207 . Unsold tangible personal property -- how disposed of -- auction sale. (1) If the tangible personal property in an escheated estate was not sold by the personal representative at the final settlement of the estate, the personal representative shall deliver the property to the county treasurer. The county treasurer shall, within 1 year of the receipt of the property, sell it to the highest bidder at a public auction sale at the county seat of the county of administration of the estate.
(2) The county treasurer shall give notice of the sale by publication once a week for 2 successive weeks in a newspaper published in the county of administration. The last publication must be at least 20 days prior to the date of the sale. The notice must give the time and place of the sale and must contain a description of the property to be sold.
(3) All expenses of the sale must be deducted from the proceeds of the sale by the county treasurer, and the balance of the proceeds must be delivered by the county treasurer to the department of revenue for deposit in the private purpose trust fund.

Legislative History

En. Sec. 7, Ch. 184, L. 1943; amd. Sec. 114, Ch. 147, L. 1963; amd. Sec. 5, Ch. 156, L. 1971; amd. Sec. 71, Ch. 391, L. 1973; R.C.M. 1947, 91-507; amd. Sec. 5, Ch. 628, L. 1979; amd. Sec. 7, Ch. 5, L. 1995; amd. Sec. 25, Ch. 34, L. 2001.